Press release
Future For Synthetic & Bio-based Aniline Market...By 2024
Synthetic & Bio-based Aniline Market is estimated to surpass USD 19 billion by 2024; according to a new research report.
According to product, the industry is segmented into bio-based and synthetic types. Bio-based aniline will be commercialized in 2017 and will gain in market share in the later stage of the forecast timespan. Synthetic segment will grow by around 6% CAGR throughout the forecast timespan.
High growth in Asia Pacific packaging industry will augment the synthetic & bio-based aniline demand throughout the forecast years as the product is a precursor to MDI, which in turn is used in manufacturing polyurethane foams. Polyurethane is extensively used to manufacture rigid as well as flexible plastic packaging materials and their rising demand for interstate to transcontinental transportation of substances boosted by the growing logistics industry will supplement the synthetic & bio-based aniline market up to 2024. The global plastic packaging market was valued at around USD 285 billion in 2016 and is set to exceed 400 billion in 2024.
Request a sample of this premium Synthetic & Bio-based Aniline market Research Report @ https://www.marketstudyreport.com/request-a-sample/568811/
Robust growth in Asia Pacific FMCG industry will boost demand for plastic packaging materials, which will drive the synthetic & bio-based aniline market throughout the forecast timespan. The Indian FMCG sector was valued over USD 45 billion in 2016 and is likely to cross USD 100 billion in 2024. Fast growth in Chinese consumer goods industry, valued over USD 4.6 trillion in 2016, will also boost demand for plastic packaging materials which will eventually influence the industry development. Rising demand for packaged food & beverage products in the U.S. and developing countries of Latin America, Asia Pacific, and Middle East will also contribute towards synthetic & bio-based aniline market growth.
The health hazards associated with aniline may hamper the industry growth as stringent government regulations and guidelines associated with its handling will make the production process more expensive. NIOSH has recommended that aniline be declared as a potential carcinogen, while OSHA has set the permitted exposure limit of the product at 2 ppm as an 8-hour time weighted average concentration. The product must be stored in a cool, dry, well-ventilated area in sealed containers with labels in accordance with OSHA?s hazard communication standard. These factors will increase the storage and handling cost which may affect the synthetic & bio-based aniline market growth.
The synthetic & bio-based aniline market is categorized into two processes which are substitution of chlorobenzene and reduction of nitrobenzene. Reduction of nitrobenzene is a more popular process accounting for most of the market in 2016. This segment will generate beyond USD 18 billion by 2024.
Request a discount on standard prices of this premium Synthetic & Bio-based Aniline market Research Report at https://www.marketstudyreport.com/check-for-discount/568811/
Rubber processing chemical is a significant application segment for the synthetic & bio-based aniline market which will generate a revenue beyond USD 1.5 billion in 2024. Increasing tire demand from the rapidly growing automotive industry in Asia Pacific and North America will drive aniline usage as rubber processing chemicals.
Among the end-users, product demand for transportation will exceed USD 2.5 billion by 2024, gaining by about 6.5% CAGR. Rising automotive production in Asia Pacific will augment the segment?s growth throughout the forecast spell. By 2024, adhesives & sealants segment will account for around 10% of the total market in terms of volume, gaining the synthetic & bio-based aniline market by above 6% CAGR.
Asia Pacific is a significant regional market which will account for around 40% of the global industry in 2024. Rising polyurethane packaging material production in China along with the fast-developing automobile and construction industries will significantly contribute to the regional synthetic & bio-based aniline market development.
Major manufacturers in the synthetic & bio-based aniline market include Chemours, BASF, Dow Chemicals, Huntsman, Sinopec, Sumitomo Chemical, Tosoh Corporation, Covestro, Hindustan Organic Chemicals, Yantai Wanhua Polyurethane Company, BorsodChem, Jilin Connell Chemical Industry, Volzhsky Orgsintez, Shandong Jinling Group, SP Chemicals, etc.
More Report At: http://www.openpr.com/news/archive/144590/marketstudyreport-com.html
Report Content
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
1.2. Data sources
1.2.1. Secondary
1.2.2. Primary
Chapter 2. Executive Summary
2.1. Synthetic & bio-based aniline industry 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Process trends
2.1.3. Product trends
2.1.4. Application trends
2.1.5. End-user trends
2.1.6. Regional trends
About Us:
Contact Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
Market Study Report
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email:sales@marketstudyreport.com
Website:https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog/
Connect with us:Google+ | LinkedIn | Twitter
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Future For Synthetic & Bio-based Aniline Market...By 2024 here
News-ID: 1159011 • Views: …
More Releases from marketstudyreport.com
Load Bank Market Growth Prospectus by 2028 - Business Opportunities by ASCO Powe …
A concise assortment of data on the 'Load Bank Market' offers an exhaustive study targeting current market trends influencing the business across assorted regions. Significant details related to market size, market share, applications, and statistics are put together to convey an ensemble prediction of the industry. The research further focuses on comprehensive competitor analysis in addition to highlighting growth strategies embraced by market leaders.
Load Bank Market Size was estimated…
Agriculture Equipment Market is Expected to Reach USD 161640 Million by 2028 - J …
Global Agriculture Equipment Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of the market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
Global Agriculture Equipment Market Size was estimated at USD 114110 million in 2021 and is projected to reach USD 161640 million by 2028, exhibiting a CAGR of…
Electric Vehicle Market Size to grow at a CAGR of 23.5% through 2028| Tesla Inc. …
Global Electric Vehicle Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
The electric vehicles (EVs) market is estimated to witness a robust growth rate of 23.5% during the period 2019-2028.
The operation is done to stop ligament tears and…
Fuel Cell Air Compressor Market is Expected to Reach USD 512.3 Million by 2028 - …
Global Fuel Cell Air Compressor Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
Global Fuel Cell Air Compressor Market Size was estimated at USD 215.1 million in 2021 and is projected to reach USD 512.3 million by 2028, exhibiting…
More Releases for Synthetic
Global Synthetic Dye and Pigment Market, Global Synthetic Dye and Pigment Indust …
The synthetic dyes and pigments market entails of the sales of synthetic dyes and pigments by several entities (organizations, sole traders or partnerships) that manufacture synthetic organic and inorganic dyes and pigments, such as lakes and toners (excluding electrostatic and photographic). Pigments that are gained from natural minerals as well as synthetic pigments are comprised in this market. Artificial food-coloring is also comprised in this market. Synthetic dyes and pigments…
Synthetic Camphor Market
Research Dive has added a new report on the global synthetic camphor market to its repository. According to the report, the global synthetic camphor market is anticipated to hit $448.1 million by rising at a CAGR of 5.9% from 2019 to 2027. This report highlights various the important factors of the market such as key market segments, market dynamics & statistics, boomers, restraints, market players, and investment opportunities. It is…
Synthetic Spider Silk Market
Market Overview:
Synthetic spider silk is an alternative to the conventional spider silk replicating the latter’s features such as energy-absorbent nature, elasticity and strength. Water content in synthetic spider silk amounts up to 98%. Synthetic spider silk is made from hydrogel, which comprises of 98% of water and 2% of silica and cellulose. Synthetic spider silk is weaker compared to its natural counterpart, however, they are far stronger compared to other…
Synthetic Biology Market – Europe
Synthetic Biology Market Europe is expected to reach USD XX Billion by 2026 from USD XX Billion in 2016 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report).
Synthetic biology has expanded into various interdisciplinary fields that may be defined as the combination of artificial design and engineering to produce biological systems, chemicals or living organisms. Synthetic biology is also used for improving applications…
Synthetic Diamond Market | Key Players - Include Element Six (E6), Applied Diamo …
As per the current market trends and the promising nature of the Global Synthetic Diamond Market, it can be estimated that the future holds positive outcomes. In order to provide a deep insight about the concerned market, Market Research Reports Search Engine would be publishing a resourceful analysis that will enclose knowledge about the regional market size, revenue and opportunity status. Readers will be offered the privilege to decode various…
Non-tire Synthetic Market Report 2018: Segmentation by Product (AAA Non-tire Syn …
Global Non-tire Synthetic market research report provides company profile for NKNH, Lion Elastomers, JSR, Zeon, Kraton, TSRC, Lanxess, KUMHO Petrochemical, Exxon Mobil, Goodyear, Polimeri Eruopa, Sibur and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025,…
